India on Capital Infusion, Merges Loss-Making Lender IFCI
India is bearing in mind impelling about Rs 20 billion into state-run IFCI Limited, merging it with its other unit, Stock Holding Corporation of India,...
Category : ECONOMY
Centre Tears Windfall Tax on Domestic Crude Oil, ATF Export Rise
The Centre has augmented the special supplementary excise duty, commonly known as a windfall tax on the export of Aviation Turbine Fuel (ATF) and diesel....
RBI to Launch First Pilot Project for Digital Rupee Today
The Reserve Bank of India (RBI) is set to launch the first pilot project of a central bank digital currency (CBDC) or e-rupee on Tuesday,...
India’s Gross GST Revenue At Rs 1,51,718 Crore
The gross GST revenue collected in October 2022 is Rs 1,51,718 crore of which CGST is Rs 26,039 crore, SGST, is Rs 33,396 crore, IGST...
Canada’s Economy Reports Surprise 0.1% Gain in August
On Friday, Statistics Canada said that the Canadian economy grew by 0.1 per cent in August, buoyed by strong agricultural and retail activity. It further...
Italian Inflation Rise in Oct Ahead of Eurozone Figures
Italian inflation rose to a new record high in October, highlighting the economic challenges facing new Prime Minister Meloni and growing the risk of a...
India’s Forex Reserves Record Lowest Level Since July 2020
The data showed that the Reserve Bank of India‘s foreign exchange reserves weakened from $4.5 billion to $528.37 billion on October 14. The current trend...
StatCan Data Shows Canada’s Annual Inflation Rate Eases Slightly to 6.9%
In September, Canada’s annual inflation rate inched down to 6.9 per cent, as lower prices at the gas pump offset another 41-year high in food...
UK Borrowing Costs Rise as BoE Sticks by Bond Plan Deadline
On Wednesday, British government borrowing costs jumped again after the Bank of England Governor told pension funds they had three days to fix liquidity problems...
US Producer Prices Jumped by More Than Forecast in September
In September, prices paid to US producers surged by more than expected, suggesting inflationary pressures will take time to moderate and keep the Federal Reserve...